Zion Market Research, the market research group announced the analysis report titled "Enterprise Key Management Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 11/10/2017 -- Enterprise Key Management Market: Overview
The tool that is used for providing the specific keys to the data that is encrypted is known as enterprise key management. The solutions of the enterprise key management can be used in both on the cloud and on-premise. When the solutions are managed on a cloud the encrypted data is stored and the keys are provided for the access of that network or the database. The keys that are provided are managed and are created with the help of the hardware cryptographic modules.
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Enterprise Key Management Market: Facts
The market player Gemalto has provided the SafeNet Encryption Key Management solutions which help in the management of the keys across the encryption platforms that are heterogeneous. It also offers support for the Key Management Interoperability Protocol (KMIP) standard.
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Enterprise Key Management Market: Segmentation
The enterprise key management market is fragmented into its deployment, end-user industry, and regions. Based on the deployment, the market is divided into cloud and on-premise. Based on the end-user industry, the enterprise key management market is segregated into education, government, IT, pharmacies and retail, banks and financial services, business services, healthcare, and media and entertainment. The geographical diversification of the enterprise key management market includes regions such as Asia Pacific, the Middle East and Africa, Latin America, North America, Western Europe, and Eastern Europe.
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Enterprise Key Management Market: Growth Factors
In the coming years, the enterprise key management market will grow at a significant rate. The major factors that are contributing towards the growth of the market are the growing adoption of the cloud-based computing solutions in the enterprises and the growing use of the data encryption has increased the need for the enterprise key management solutions. Another factor that is contributing to the growth of the enterprise key management market is the rise in the cases of cyber attacks which is compelling the enterprises to ensure that their data is secured thus increasing the utilization of the enterprise key management solutions. There are certain factors that restrict the growth of the market of which the major one is the lack of availability of the trained and skilled professionals as the storage and the transmission of the enterprise key management solutions is complex.
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Enterprise Key Management Market: Regional Analysis
The region that is growing at a rapid rate in the enterprise key management market is Asia Pacific. The chief factor that is increasing the demand of the market is the rise in the data security concerns among the enterprises increased the demand for the enterprise key management solutions. The region that leads or that has the major share in the enterprise key management market is the North America which is followed by the European regions. In the developed economies such as the U.S. and Canada, the enterprise key management solutions are highly adopted in order to protect their critical data from being hacked.
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Enterprise Key Management Market: Competitive Players
The key market players that are involved in the enterprise key management market include Gemalto NV, Dyadic, Qualcomm Technologies, Oracle, RSA Security LLC, Amazon Web Services, Inc., Thales e-Security, IBM Corporation, Townsend Security, Winmagic, and Venafi.